Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following:

	December 31, 2015		December 31, 2014
Loan payable to ROS Acquisition Offshore (See details above)	$	42,000,000	$	24,000,000
Adjustment fee was payable to ROS Acquisition Offshore, due in August 2019		-		700,000
6% convertible senior unsecured notes due 2021 (See details above)		68,000,000
PIK Interest payable to ROS		2,700,476
6.00% loan payable to Valley Bank of Belgrade secured by a building that was sold and leased back in the fourth quarter of 2015		-		1,325,814
		112,700,476		26,025,814
Less: current portion		-		(50,671)
Debt discount		-		(5,104,813)
Long-term debt	$	112,700,476	$	20,870,330

Schedule of Maturities of Long-term Debt

The following is a summary of maturities due on the debt as of December 31, 2015:

2016	$	-
2017		-
2018		-
2019		-
2020		44,700,476
Thereafter		68,000,000
Total	$	112,700,476